SHANGHAI, Jan. 30 (SMM) – Lead for March delivery on the Shanghai Futures Exchange, the most active contract, started lower at RMB 12,470/mt and then slid to RMB 12,445/mt in Thursday’s night session. The price of the SHFE 1503 lead contract rebounded to RMB 12,480-12,500/mt and finished at RMB 12,485/mt.
SHFE lead initially hovered around RMB 12,500/mt and closed down RMB 120/mt at RMB 12,415/mt. Trading volumes for the most active contract totaled 5,236 lots, while positions shed 1,198 to 11,662.
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